Butcher Creek

Palm springs, wa

The Palm Springs gold project is located in the Halls Creek Orogen of Western Australia and is an advanced exploration play containing past production, spectacular drill intercepts and historic resources.

The Project includes 20km of prospective strike, covering more than 12,500ha with more than 60 known gold occurrences outside the Butchers Creek Mine – which historically produced 52,000oz gold.

Mining at the Butchers Creek mine ceased amid historically low gold prices in the late 1990s and there has been little to no modern exploration since that time.

Meteoric is to commence in August 2020 a Stage 1 6,500m drilling program at Butchers Creek targeting high grade mineralisation below the shallow open pit at depth and down plunge to the south.

History

Historic drilling beneath the shallow Butchers Creek mine indicates substantial ore zones beneath the pit floor including both thick mineralised envelopes and narrower, very high‐grade zones, with significant intercepts within unmined zones below the base of the open pit including:

BCP036 – 68m @ 2.5g/t Au from 44m
BCR250 – 19m @ 8.8 g/t Au from 56m
BCRC180 – 14m @ 7.5 g/t Au from 82m
BCP017 – 50m @ 3.31 g/t Au from 50m
BCD230 – 7m @ 4.2 g/t Au & 8m @ 17.4 g/t Au from 49m
BCD232 – 6m @ 21.2 g/t Au from 60m
BCD336 – 38m @ 2.4 g/t Au from 170m
BCRC318 – 29m @ 3.9 g/t Au from 113m.

Mineralisation is open at depth and down plunge to the south with structural repetitions of the host unit across the project vastly increasing the potential strike length.

Northern Star Resources Ltd completed drilling and a Mineral Resource (non JORC 2012) at the Golden Crown and Faugh‐a‐Ballagh prospect, ~4km northeast of Butchers Creek – best results included:

GCP017 – 2m @ 174.7 g/t Au from 12m
GCD011 – 5m @ 4.9 g/t Au including 0.4m @ 47.2 g/t Au from 126.6m
GCP012 – 2m @ 11.4 g/t Au from 97m
GCD010 – 0.8m @ 501.1 g/t Au from 23m.

Figure 1. Location Diagram for Palm Springs Gold Project showing major orebodies across the Halls Creek Mobile
zone